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ping an insurance a big fintech giant that
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chartiskao
Elite |
01-Mar-2024 03:13
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https://en.wikipedia.org/wiki/Neil_Shen
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chartiskao
Elite |
01-Mar-2024 03:11
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Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T& Cs and Copyright Policy. Email [email protected] to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here. https://www.ft.com/content/070f0cf3-c4bd-4730-bbf0-d1abfee9e1a9 Neil Shen, China&rsquo s most prominent tech investor, acquired permanent residency in Singapore and later opened an office for his $56bn venture capital firm in the city-state as tensions rose between Washington and Beijing. The billionaire founder of Sequoia China, renowned for early investments in Alibaba, ByteDance and Shein, was granted the status before the Covid-19 pandemic, according to three people familiar with the matter. One of the people close to Shen cited &ldquo personal reasons&rdquo for the decision, while another said the first application was made over a decade ago. Shen&rsquo s firm, which rebranded last year as HongShan, subsequently expanded into Singapore, opening an office in the financial hub as it split from US-based Sequoia last June. HongShan has also encouraged some of its China-based portfolio companies with global ambitions to set up entities in Singapore since the pandemic. &ldquo The decision to open a Singapore office was made for business reasons and was not related to personal matters of any of our executives,&rdquo said HongShan in a statement. HongShan has previously said the Singapore office was set up to fulfil local legal requirements. Another person familiar with Shen&rsquo s situation said he had been spending little time in Singapore and still appeared to be based in Hong Kong with frequent travel to mainland China. Shen, 56, became an early mover in a trend that became replicated many times over by wealthy Chinese, especially those tied to the country&rsquo s tech sector. Many shifted to low-tax, stable Singapore amid strict pandemic lockdowns in the mainland as well as President Xi Jinping&rsquo s crackdown on tech companies and calls for wealth redistribution. The city-state, which has a large ethnic Chinese population, strikes a neutral line between the US and China. Tensions between the two superpowers have grown since Donald Trump&rsquo s election as US president in 2016 and have continued under Joe Biden. &ldquo Neil&rsquo s decision&thinsp .&thinsp .&thinsp .&thinsp made it a lot easier for others to follow after that,&rdquo one of the people said, adding the move was &ldquo spoken about&rdquo in Chinese business circles even though it has not become publicly known until now. Permanent residency in the city-state allows those with the pass to apply for permanent residency for their spouses and children, pay lower taxes on property purchases and paves the way for Singapore citizenship. Shen led Sequoia&rsquo s China business before political pressure stemming from worsening Sino-US relations forced it to split from its American arm. The divorce resulted in three separate businesses: HongShan in China, Peak XV in India and south-east Asia and Sequoia Capital in the US. HongShan has since sought to become more global, pursuing business opportunities and investments worldwide to benefit its Chinese portfolio companies. One mainland start-up in the healthcare industry backed by HongShan told the Financial Times it had received advice to start a Singapore entity as that would ease its expansion into international markets including the US. Two other co-investors in start-ups also backed by HongShan said founders had been told to establish a Singapore presence. Some have already been set up. Beijing-based Moonshot AI, which last week raised $1bn, last year established a Singapore entity. HongShan is a longtime investor in the start-up. China&rsquo s Hai Robotics, an autonomous warehouse robotics start-up and another HongShan-backed company, set up a Singapore office in late 2021. Other Chinese companies with large operations in western markets, including TikTok owner ByteDance and fast-fashion group Shein, have picked Singapore as their global headquarters. Both companies are backed by HongShan. HongShan declined to comment, but a person close to the company said many of its portfolio companies had offices around the world, including in Singapore. HongShan, Moonshot AI and ByteDance were named in a US congressional report this month which scrutinised American capital invested in Chinese tech companies that support Beijing&rsquo s military and its repression of minorities in Xinjiang. Recommended Singapore Exclusive Singapore wine club closes as ultra-rich shun flash for discretion The Circle 33 wine bar in Singapore Meanwhile, other Chinese business figures, particularly in the investment and technology sectors, have sought residency in Singapore and expanded or opened offices in the city-state in recent years. Sean Tong, the co-founder of China&rsquo s Boyu Capital, a leading private equity firm set up by a grandson of former Chinese president Jiang Zemin, relocated to Singapore from Hong Kong during the early stages of the pandemic. Boyu opened a Singapore office in 2019. Zhang Lei, the billionaire China-born founder of Hillhouse Capital, became a Singaporean citizen. Hillhouse expanded and consolidated into larger premises in 2022. Dianping founder Zhang Tao and Tencent co-founder Tony Zhang relocated to Singapore in the past few years.
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chartiskao
Elite |
29-Feb-2024 16:18
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hk recovery play after FEd cut rates in 2025
https://www.hkex.com.hk/Market-Data/Securities-Prices/Equities/Equities-Quote?sym=5& sc_lang=en
https://www.hkex.com.hk/Market-Data/Securities-Prices/Equities/Equities-Quote?sym=16& sc_lang=en
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chartiskao
Elite |
07-Feb-2024 09:59
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https://gjia.georgetown.edu/2023/06/02/chinas-increasing-role-in-the-middle-east-implications-for-regional-and-international-dynamics/
It' s not uncommon for large investment funds to diversify their portfolios when certain markets are experiencing downturns. The Abu Dhabi Investment Authority (ADIA), being one of the world' s largest sovereign wealth funds with assets estimated at around $1 trillion, may indeed increase its investments in private equity during times when other markets, such as China' s stock market, are experiencing significant declines.
Private equity investments typically involve buying stakes in private companies or taking companies private, which can provide opportunities for potentially higher returns compared to publicly traded stocks, especially during periods of market volatility or when certain sectors or regions are underperforming.
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chartiskao
Elite |
06-Feb-2024 16:45
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Between August 1997 and 1998, the city' s blue-chip index lost as much as 60% of its value. These days, China turns out more doom than boon.  .
https://www.japantimes.co.jp/commentary/2024/01/24/world/hong-kong-asia-financial-crisis/
https://www.straitstimes.com/business/china-tightens-trading-curbs-on-domestic-and-foreign-investors-as-stock-rout-deepens
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chartiskao
Elite |
24-Jan-2024 13:26
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THE value of China&rsquo s stock market has never been this far behind that of the United States, as losses continue to pile up in a seemingly relentless equity rout.   The market capitalisation of the US stock market is now US$38 trillion greater than that of Hong Kong and China put together, data compiled by Bloomberg showed.     &ldquo China offers value, but catalysts are just not there,&rdquo said Michael Liang, chief investment officer at Foundation Asset Management HK. &ldquo Meanwhile, the US market has momentum and economy on its side.&rdquo  
Chinese stocks have lost more than US$6.3 trillion in market value from a peak in February 2021. Over the same period, US equities have gained some US$5.3 trillion. Investors have been underwhelmed by Beijing&rsquo s efforts to revive an economy struggling with deflation and an ongoing property crisis. But what began as a performance-driven exodus now risks becoming a structural shift due to doubts over Beijing&rsquo s long-term economic agenda and strategic competition with the US. GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
 
 
On one hand, the rout has run for so long that some investors see potential for a technical rebound, given valuations are now cheap. The sell-off has made the MSCI China Index 60 per cent cheaper than the US equity benchmark on earnings-based valuations, data compiled by Bloomberg showed. MSCI&rsquo s key gauge for Chinese equities is trading at about eight times of 12-month forward estimated earnings, while the same metric for the S& P 500 Index stands at 20 times. For now, however, there is little end in sight to the dismal start to 2024 for Chinese equities. Less than a month into the new year, a gauge of Chinese stocks listed in Hong Kong has already lost 13 per cent, making it the worst-performing major benchmark global index. BLOOMBERG
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chartiskao
Elite |
12-Jan-2024 10:08
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THE years-long rout in shares of Alibaba Group Holding amid regulatory crackdowns and weak consumption has left the Chinese e-commerce giant trading at just half the valuation of venerable utility CLP Holdings. Alibaba&rsquo s valuation almost halved in the past year, after it was hit by sluggish domestic online sales, fierce competition and scepticism over its future as it scrapped plans to spin off its cloud business and changed leadership. Its Hong Kong-listed stock is now trading at just 7.6 times estimated earnings for the next 12 months, compared with more than 13 times for CLP. https://www.clpgroup.com/en/investor-relations/investor-information/share-price.html and https://www.alibabagroup.com/en-US/investor-relations  
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chartiskao
Elite |
11-Jan-2024 14:35
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old man that suffer from serious indestion at record low rates through buying too much assets and borrow too much debts https://www.straitstimes.com/business/thai-tycoon-charoens-frasers-centrepoint-eyes-600m-hospitality-reit-sources  
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chartiskao
Elite |
11-Jan-2024 14:33
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when they come over to sg they become拼 少 少 and enjoy life to the fullest https://www.businesstimes.com.sg/companies-markets/tencent-backed-seas-112-rally-has-reasons-run
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chartiskao
Elite |
11-Jan-2024 14:29
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at record low rates this old man was greedy and pursue deals that he can not stomach when rates hit 22 years high https://www.cnbc.com/2013/01/30/thai-tycoon-wins-control-of-singapores-fraser-and-neave.html
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chartiskao
Elite |
11-Jan-2024 11:56
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the old man borrow too much debts when rates were at 22 years low and now can not tyahan the high rates Frasers Property&rsquo s total assets were approximately 39.8 billion Singapore dollars (US$29.91 billion) as of end-September.  
The company is engaged in hospitality, industrial and logistical parks, real-estate investment trusts, as well as residential, retail and commercial businesses. It has over 500 properties in over 70 cities in countries such as Australia, Vietnam, China and the U.K.Charoen has spent billions of dollars buying various assets through his entities, including Thai Beverage. In 2017, he paid nearly US$5 billion for a 53.6% stake in Vietnam government-owned Saigon Beer Alcohol Beverage or . In 2016, he paid nearly US$3.5 billion to buy French retailer &rsquo s 59% stake in Big C Thailand. Thai Beverage&rsquo s total liabilities at end-September were at 253.03 billion baht (US$7.24 billion), according to its latest annual report. It has THB61.92 billion of interest-bearing debt due within a year, and another THB119.63 billion due within five years.  
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chartiskao
Elite |
11-Jan-2024 11:28
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even loading up 0005hk at below hk64 still better than buying crypto ETF US regulators for the first time approved exchange-traded funds that invest directly in Bitcoin, a move heralded as a landmark event for the roughly $1.7 trillion digital-asset sector that will broaden access to the largest cryptocurrency on Wall Street and beyond. The Securities and Exchange Commission, whose three-part mandate includes investor protection, authorized funds from industry heavyweights BlackRock, Invesco and Fidelity to smaller competitors including Valkyrie to begin trading Thursday. The approvals mark a rare capitulation by the SEC following opposition that lasted for more than a decade, ever since Tyler and Cameron Winklevoss first proposed a Bitcoin ETF in 2013. BlackRock Inc.&rsquo s surprise application last June, followed by an appeals court ruling that called the denial of a different application &ldquo arbitrary and capricious,&rdquo triggered a blistering rally in the cryptocurrency amid speculation that US regulators would finally give their blessing to the structure. &ldquo While we approved the listing and trading of certain spot Bitcoin ETP shares today, we did not approve or endorse Bitcoin,&rdquo SEC Chair Gary Gensler said in a statement. &ldquo Investors should remain cautious about the myriad risks associated with Bitcoin and products whose value is tied to crypto.&rdquo At the crux of the SEC&rsquo s previous rulings against a spot ETF was the argument that no regulated exchange was able to adequately monitor Bitcoin trading in a way that would reliably detect fraud and manipulation. That contention was opposed by Cathie Wood&rsquo s Ark Investments, among others, which provided data showing a high correlation between cash trading and the futures contracts that trade on CME Group&rsquo s platform. In reviewing the latest set of proposals, the SEC said it examined the correlation between spot and futures trading at a variety of time intervals and concluded prices moved in such a way that irregularities on exchanges such as Kraken and Coinbase were likely to show up in the futures. &ldquo Because the CME&rsquo s surveillance can assist in detecting those impacts on CME Bitcoin futures prices, the exchanges&rsquo comprehensive surveillance-sharing agreement with the CME &mdash a U.S. regulated market whose Bitcoin futures market is consistently highly correlated to spot Bitcoin, albeit not of 1significant size&rsquo related to spot Bitcoin &mdash can be reasonably expected to assist in surveilling for fraudulent and manipulative acts and practices in the specific context of the proposals,&rdquo the order said. The decision comes a day after a false post on the SEC&rsquo s X account claimed that the agency had approved the ETFs. The regulator subsequently said that the account had been compromised, causing the price of Bitcoin to fluctuate widely. Gensler voted alongside the agency&rsquo s two Republicans to back exchanges&rsquo plans to list the products, the SEC&rsquo s website showed. The regulator&rsquo s two other Democrats voted against the proposals. See also:  MAS grants MPI licence to Upbit Singapore Speaking in an interview on Bloomberg Television' s " Balance of Power" ,  Hester Pierce, one of the agency' s GOP members, said she was " delighted" with the result. " There are still pieces of it to go, but this is a big milestone," Pierce, who has been one of the industry' s most vocal supporters in Washington, said.  ![]() &ldquo The approval means that both retail and institutional investors now have the ability to diversify their portfolio with crypto exposure without worrying about the complicated issues of custody,&rdquo said Campbell Harvey, finance professor at Duke University. &ldquo The ETF makes it easy to add to your portfolio.&rdquo Crypto proponents have for years argued that a so-called spot fund that invests directly in Bitcoin would be beneficial to investors and would help bring the industry closer to the more highly regulated world of traditional finance. It also suggests a sort of milestone of maturity for the relatively nascent industry, where skirmishes with regulators came to a climax after the collapse of Sam Bankman-Fried&rsquo s FTX empire highlighted risks lurking in the industry. The landmark decision comes after Grayscale Investments won a key victory over the SEC. A federal appeals court had overturned the rejection of Grayscale&rsquo s application to convert its Bitcoin trust into an ETF. The court called the denial &ldquo arbitrary and capricious&rdquo because the commission failed to explain its different treatment of similar products. ETFs that hold Bitcoin futures were approved in 2021. The SEC&rsquo s loss to Grayscale was one of the reasons why the SEC approved the applications, Gensler said in Tuesday&rsquo s statement.  &ldquo Based on these circumstances and those discussed more fully in the approval order, I feel the most sustainable path forward is to approve the listing and trading of these spot Bitcoin ETP shares,&rdquo Gensler said.  
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chartiskao
Elite |
09-Jan-2024 10:34
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A weak U.S. dollar can have both positive and negative effects on emerging markets, depending on various factors. Let' s explore some of the potential impacts:
Positive Effects:
Negative Effects:
https://www.investing.com/currencies/usd-cny https://www.investing.com/currencies/usd-sgd it is not currency manipulation it is how strong is your reserve Stupid!  
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chartiskao
Elite |
09-Jan-2024 10:21
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https://news.sina.cn/sa/2007-06-23/detail-ikkntiam9249262.d.html
 
will HSBC make a strong comeback after 2008?
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chartiskao
Elite |
08-Jan-2024 17:22
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The Fed announced the first round of QE, known as QE1, in November 2008. It officially kicked off in March 2009 and concluded a year later, with the U.S. central bank purchasing $1.25 trillion total in mortgage-backed securities, $200 billion in agency debt and $300 billion in long-term Treasury securities.7 Mar 2022
 
http://lr.china-embassy.gov.cn/eng/majorevents/200811/t20081128_6257785.htm
 
https://www.youtube.com/watch?v=1YJ8wSH6HBU
The Fed has raised rates 11 times since March 2022 to combat high inflation, which has slowed markedly after hitting a four-decade high last summer. Still, the central bank hasn' t crossed the finish line just yet.
https://edition.cnn.com/2023/12/13/economy/interest-rate-meeting-fed-reserve/index.html
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chartiskao
Elite |
08-Jan-2024 17:03
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https://www.cma.gov.cn/2011xzt/kpbd/rainstorm/2018050902/201805/t20180510_468067.html
https://www.investing.com/currencies/sgd-myr
https://www.investing.com/currencies/sgd-cny
https://www.investing.com/currencies/usd-sgd
https://tradingeconomics.com/commodities
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chartiskao
Elite |
06-Dec-2023 14:01
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2024 to 2028 https://www.imf.org/en/Blogs/Articles/2023/10/10/higher-for-longer-interest-rate-environment-is-squeezing-more-borrowers
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chartiskao
Elite |
28-Nov-2023 16:47
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https://www.asianews.it/news-en/John-Lee-touts-Hong-Kong-model-in-Singapore-to-stop-capital-flight-58880.html
 
https://www.investing.com/currencies/usd-sgd
 
https://www.youtube.com/watch?v=IQxjaotTSVw
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chartiskao
Elite |
28-Nov-2023 13:14
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https://www.investopedia.com/terms/v/volcker-rule.asp
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chartistkao1
Supreme |
20-Nov-2023 14:04
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https://www.straitstimes.com/business/manulife-cuts-250-jobs-in-asset-management-and-wealth-unit
http://aastocks.com/en/stocks/analysis/company-fundamental/dividend-history?symbol=00945
https://www.cnbc.com/quotes/945-HK
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